Passively managed funds have grown to become some of the largest shareholders in
publicly traded companies, but there is considerable debate about the effects of this growth …

We find that, overall, blockholder diversity, ie, the firm shareholder base including several
different types of blocks, is detrimental to firm performance. We show that lagged disclosure …

This study examines shareholder activism in firms with controlling family owners, focusing
on how activists create value despite resistance. Although these firms are less frequently …